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2022
Flag → Flag
Exports $2.35BRnk 50 / 0
2022
Flag → Flag
Exports $677MRnk 24 / 0
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC$2,551CURRENT US$
Rnk 146 / 196
2013-2023
Flag
GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195

About

South Korea-Bangladesh Trade: In 2022, South Korea exported $2.35B to Bangladesh. The main products that South Korea exported to Bangladesh were N/A. Over the past 5 years the exports of South Korea to Bangladesh have increased at an annualized rate of 13%, from $1.28B in 2017 to $2.35B in 2022.

In 2022, South Korea did not export any services to Bangladesh.

Bangladesh-South Korea Trade: In 2022, Bangladesh exported $677M to South Korea. The main products that Bangladesh exported to South Korea were N/A. Over the past 5 years the exports of Bangladesh to South Korea have increased at an annualized rate of 18.8%,  from $286M in 2017 to $677M in 2022.

In 2022, Bangladesh did not export any services to South Korea.

Comparison: In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $127M and imported $44.9M from Bangladesh, resulting in a positive trade balance of $82.4M. Between December 2023 and December 2024 the exports of South Korea have increased by $22.3M (21.2%) from $105M to $127M, while imports increased by $5.41M (13.7%) from $39.5M to $44.9M.

Trade In December 2024, the top exports of South Korea to Bangladesh were Mineral fuels, mineral oils and products... ($87M), Plastics & articles thereof ($12.7M), Machinery, mechanical appliances, & parts ($5.65M), Iron & steel ($5.62M), and Chemical products n.e.s. ($5.57M). In December 2024 the top imports of South Korea from Bangladesh were Non-knitted clothing accesories ($32.6M), Knitted clothing accesories ($28.3M), Footwear ($1.88M), Leather articles ($671k), and Copper articles ($632k).

Growth In December 2024, the increase in South Korea's year-by-year exports to Bangladesh was explained primarily by an increase in product exports in Mineral fuels, mineral oils and products... ($16.5M or 23.4%), Plastics & articles thereof ($2.43M or 23.7%), and Electrical machinery and electronics ($1.29M or 53.1%). In December 2024, the increase in South Korea's year-by-year imports  from Bangladesh was explained primarily by an increase in product imports  in Non-knitted clothing accesories ($6.8M or 26.4%), Leather articles ($288k or 75.2%), and Headgear ($44k or 14.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$22.3M(21.2%)
IMPORT GROWTH (December 2023 - December 2024)$5.41M(13.7%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Bangladesh and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bangladesh and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $2.35B to Bangladesh. There were not main exports from South Korea to Bangladesh in 2022. During the last 5 years the exports of South Korea to Bangladesh have increased at an annualized rate of 13%, from $1.28B in 2017 to $2.35B in 2022.

In 2017, Bangladesh exported $677M to South Korea. There were not main exports from Bangladesh to South Korea in 2017. During the last 5 years the exports of Bangladesh to South Korea have increased at an annualized rate of 18.8%, from $286M in 2022 to $677M in 2017.

Exports from South Korea (Flag) to Bangladesh (Flag) (2022)

Exports from Bangladesh (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Bangladesh
Top DestinationUnited States$8.58B

This map shows whether countries import more from South Korea or Bangladesh. Each country is colored based on the difference in imports they receive from South Korea and Bangladesh or the difference in the growth in imports.

In 2023, countries that imported more from South Korea than Bangladesh included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from Bangladesh than South Korea included Andorra ($10.1M), Denmark ($935M), and Bosnia and Herzegovina ($67.2M).

Difference in imports from Bangladesh (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Bangladesh

Flow
Scale

This chart compares trade between South Korea and Bangladesh by product, considering products traded by both, South Korea and Bangladesh.

During 2022, South Korea had a large net trade with Bangladesh in the exports of .

During 2017, Bangladesh had a large net trade with South Korea in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Bangladesh+$226MRefined Petroleum
Top Product Potential Bangladesh South Korea+$99.7MKnit Sweaters

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and Bangladesh. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Bangladesh (Flag) (2022)

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